Form W-2vi - U.s. Virgin Islands Wage And Tax Statement

Instructions for Employee (continued from

N—Uncollected Medicare tax on taxable cost of group-term life insurance

over $50,000 (former employees only). Report on U.S. Form 1040, or on

back of Copy B)

Form 1040-SS if not required to file Form 1040.

Box 12 (continued)

P—Excludable moving expense reimbursements paid directly to employee

(not included in boxes 1, 3, or 5)

However, if you were at least age 50 in 2013, your employer may have

allowed an additional deferral of up to $5,500 ($2,500 for section 401(k)(11)

Q—Nontaxable combat pay. See your tax return instructions for details on

and 408(p) SIMPLE plans). This additional deferral amount is not subject to

reporting this amount.

the overall limit on elective deferrals. For code G, the limit on elective

R—Employer contributions to your Archer MSA. Report on Form 8853,

deferrals may be higher for the last 3 years before you reach retirement age.

Archer MSAs and Long-Term Care Insurance Contracts.

Contact your plan administrator for more information. Amounts in excess of

S—Employee salary reduction contributions under a section 408(p) SIMPLE

the overall elective deferral limit must be included in income. See the

“Wages, Salaries, Tips, etc.” line instructions for your tax return.

plan (not included in box 1)

Note. If a year follows code D through H, S, Y, AA, BB, or EE, you made a

T—Adoption benefits (not included in box 1). Complete Form 8839, Qualified

make-up pension contribution for a prior year(s) when you were in military

Adoption Expenses, to figure taxable and nontaxable amounts.

service. To figure whether you made excess deferrals, consider these

V—Income from exercise of nonstatutory stock option(s) (included in boxes

amounts for the year shown, not the current year. If no year is shown, the

1, 3 (up to social security wage base), and 5). See Pub. 525 and instructions

contributions are for the current year.

for Schedule D (Form 1040) for reporting requirements.

A—Uncollected social security tax on tips. Report on U.S. Form 1040, or on

W—Employer contributions (including amounts the employee elected to

Form 1040-SS if not required to file Form 1040.

contribute using a section 125 (cafeteria) plan) to your health savings

B—Uncollected Medicare tax on tips. Report on U.S. Form 1040, or on Form

account (HSA). Report on Form 8889, Health Savings Accounts (HSAs).

1040-SS if not required to file Form 1040.

Y—Deferrals under a section 409A nonqualified deferred compensation plan

C—Taxable cost of group-term life insurance over $50,000 (included in

Z—Income under section 409A on a nonqualified deferred compensation

boxes 1, 3 (up to social security wage base), and 5)

plan. This amount is also included in box 1. It is subject to an additional 20%

D—Elective deferrals to a section 401(k) cash or deferred arrangement. Also

tax plus interest. See “Other Taxes” in the instructions for your tax return.

includes deferrals under a SIMPLE retirement account that is part of a

AA—Designated Roth contributions under a section 401(k) plan

section 401(k) arrangement.

BB—Designated Roth contributions under a section 403(b) plan

E—Elective deferrals under a section 403(b) salary reduction agreement

DD—Cost of employer-sponsored health coverage. The amount reported

F—Elective deferrals under a section 408(k)(6) salary reduction SEP

with code DD is not taxable.

G—Elective deferrals and employer contributions (including nonelective

EE—Designated Roth contributions under a governmental section 457(b)

deferrals) to a section 457(b) deferred compensation plan

plan. This amount does not apply to contributions under a tax-exempt

organization section 457(b) plan.

H—Elective deferrals to a section 501(c)(18)(D) tax-exempt organization plan.

(You may be able to deduct.)

Box 13. If the “Retirement plan” box is checked, special limits may apply to

the amount of traditional IRA contributions that you may deduct.

J—Nontaxable sick pay (information only, not included in boxes 1, 3, or 5)

Note. Keep Copy C of Form W-2VI for at least 3 years after the due date for filing

M—Uncollected social security tax on taxable cost of group-term life

your income tax return. However, to help protect your social security benefits, keep

insurance over $50,000 (former employees only). Report on U.S. Form 1040,

Copy C until you begin receiving social security benefits just in case there is a

or on Form 1040-SS if not required to file Form 1040.

question about your work record and/or earnings in a particular year.

Form W-2vi - U.s. Virgin Islands Wage And Tax Statement - 2013 Page 7

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